HomeServices Title 2022 by HomeServices of Nebraska

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ABOUT HOMESERVICES TITLE The Ne br aska divisio n o f H o meS ervi ces Ti tle was created i n 1 9 8 1 a nd mor phe d from it s s mall co mpan y ro o ts to i ts cu rren t p o s iti on a s par t of t he nat ion ’ s l arg es t ti tle n etwo rk. Kn o wn o ver ti me a s Be ut l e r T it le , Capitol Ti tle C o m pan y an d , mo s t recen tly, Neb ra s ka Land T it l e and Abst r a ct (N LTA), th e co m pan y’ s u n fl aggi n g pu rpos e re mains: providing its cli en ts wi th u n paralleled an d ti mely s er vi c e w it h a focus on quali ty, valu e an d grati tu de. Betteri n g li ve s , b uil ding dre ams and po s i ti vely i m pacti n g o u r co mmu n i ti es i s w h a t w e st r ive to do e ve r y d ay. H ome Se r vice s T it l e h as b u i lt i ts s u cces s o n th e i d ea th at li vi n g i t s core val ue s of exc ellen ce, i n teg ri ty, i n n o vati o n , lead ers h i p a n d g r at it ude provide s a fi rm fo u n d ati o n th at allo ws th e co m pan y to o ffe r diffe re nt iate d servi ce wi th co mpeti ti ve p ri ci n g, en ab li n g i t to b e t he single , be st so u rce fo r all yo u r ti tle n eed s . H ome Se r vice s T it l e (N ebras ka D i vi s i o n ) i s a wh o lly o w n e d s ubsidiar y of Home S ervi ces o f Ameri ca, In c. , th ro u gh i ts p a re n t company, Home Se r vi ces o f Neb ras ka. Acro s s th e H o m eS erv i c e s tit le ne t wor k more t h an 120, 000 ti tle an d es cro w u n i ts were clos e d i n 2017, from Cal iforn i a to Co n n ecti cu t. H o m eS ervi ces ’ ti tle a n d escrow cl osing profes s i o n als h ave ex ten s i ve kn o wled ge a n d expe r t ise t hat is se co n d to n o n e i n th e i n d u s try. Ou r C o m merc i a l D e par t me nt boast s a h i g h ly s p eci ali zed an d trai n ed team , pro vi d i n g cl ie nt s wit h t he knowled ge an d s ervi ce requ i red to s ki llfu lly h an dle a ll t ype s of comme rci al tran s acti o n s .

Amy Duval-Carlson President HomeServices Title

TA B L E O F C O N T E N T S 03 Fre q u e n tly Aske d Ques t io ns 05 Wh a t i s T i tle In su rance 06 7 R e ason s Wh y Ever y Ho mebuyer Ne e d s O wn e r’s T i t le Ins ur ance

07 T i p s f or Ta lki n g T itle with Homebuyer s 08 32 Cove re d R i sks for t he Ho meo wner ’s Policy 10 Sta n d a rd vs En h a nced C over age 11

Cove rag e Com p ar is o n: HPT vs ALTA Po licy

12 P e rson al Id e n ti f i cation at C los ing 13 Ex p l a n ati on of Endor s ement s 14 R e al Estate Di cti onar y 20 T i tle In su ra n ce R ates

THE FAQS OF TITLE INSURANCE W H AT D O E S T I T L E INSURANCE INSURE? Title insurance offers protection against cl aims resulting from various defects (as set out in the policy) which may exist in the title to a specific parcel of real property effective on the issue date of the policy. For example, a person might cl aim to have a deed or lease giving them ownership or the right to possess your property. Another person could cl aim to hold an easement giving them a right of access across your l and. Yet another person may cl aim that they have a lien on your property securing the repayment of a debt. That property may be an empty lot or it may hold a 50-story office tower. Title companies work with all types of real property.

H OW M U C H CA N I E X P E C T TO PAY F O R T I T L E I N S U R A N C E ? Although the title company or escrow office usually serves as a meeting ground for closing the sale, only a small percentage of total closing fees are actually for title insurance protection. Your title insurance premium may actually amount to less than one percent of your total closing costs. The title policy is good for as long as you and your heirs own the property with the payment of only one premium.

W H O W I L L PAY F O R T I T L E INSURANCE CHARGES, THE BUYER OR THE SELLER? Surprisingly, “who pays” is not uniform. In some areas the buyer will pay while in others the seller will pay. In some pl aces, the seller will pay for the owner’s title policy and the b uyer will pay for the lender’s policy. But in every case, the question of who pays closing costs is a matter of agreement between they buyer and seller. Usually this agreement is baded on the customary practice in your area.

FOR MORE INFORMATION ABOUT OWNER’S TITLE INSURANCE, CONTACT HOMESERVICES TITLE AT 402-434-3737 03

W H AT I S T I T L E ?

W H AT I S A T I T L E S E A R C H ?

A title is your ownership right to your property.

A title search is a standard part of the home buying process that is conducted to uncover issues that could prevent your right to the property. Your closing agent reviews public records to see if there are problems or defects that could cause you legal issues.

W H AT I S A T I T L E I N S U R A N C E ? If you’re buying a home, title insurance is a policy that protects your investment and property rights.

There are two different types of title insurance: owner’s policy and lender’s policy. An owner’s policy protects your property rights for as long as you or your heirs own the home. A lender’s policy is usually required by the lender and protects only the lender’s financial interests. The buyer typically pays for this policy, but this varies depending on geography. We recommend you ask a HomeServices member how it’s handled in your area.

WH Y S H OULD I P URCHAS E OW N ER’S T I TLE INSURANCE?

W HAT DO ES OW N ER’S TI TL E I N S U RAN CE CO S T?

Purchasing owner’s title insurance is a smart decision because it’s the best way to protect your property form future legal cl aims.

The one-time payment for owner’s title insurance is low relative to the value of your home. The typical policy costs around 0.5% of the home’s purchase price.

H OW LONG A M I COVERE D?

W HAT HAP P EN S AT S ET T L EM EN T?

Your owner’s insuran ce policy l asts as long as you or your heirs own your property. Your life will change over time, but your peace of mind never will.

You sign legal documents and receive the keys to your home.

W H AT I S T I T L E I N S U R A N C E ? Title in surance is an agreement to indemnify against damage or loss from a defect in title as evidenced by a policy of title insurance to a specific parcel of real property. Following a search and examination of public records and in exchange for a premium paid, title insurance companies will assume the risk that title to a parcel of real property is as stated to be in the policy of title insurance. Title companies provide services to buyers , sellers, real estate developers, builders, mortgage lenders and others who have an interest in the real estate transaction. Title companies provide assurances that the transfer of title takes pl ace efficiently and that your interests as an insured are protected under the terms and conditions of the policy. Title insurance is different from many other types of insurances (casualty, auto, etc.). These other types of insurances assume risks by providing financial protection for losses arising from an unforeseen future event such as fire, theft or accident. With title insurance, risks are examined and mitigated before the property changes hands.

TYPES OF TITLE INSURANCE POLICIES L E N DER’S POLICY

Insures the priority of the lender’s security interest over cl aims that others may have in the property.

OW N ER’S P O L I CY

Insures an owner of any type of real property against loss by reason of those matters covered under the policy of insurance as long as they own the property. There are several versions of each policy. Consult with your real estate professional to determine which policy is best for you.

7 REASONS WHY EVERY HOMEBUYER NEEDS OWNER’S TITLE INSURANCE Buy i ng a h o me is an exc i ti ng and emoti onal ti me for m a n y p eo p le. To h e l p y o u b uy y ou r home w i th mor e c onfi de n ce, m a ke su r e to ge t o w n e r ’s ti tle i ns u r anc e. H er e’ s w h y :

P R OTE CT S YO U R L A RG E ST I N VE S T M EN T A home is probably the single l argest investment you will make in your life. You insure everything else that valuable to you — your life, car, health, pets, etc.— so why not your l argest investment? For a one-time fee, owner’s title insurance protects your property rights for as long as you or your heirs own your home.

8 IN 10 H OMEB U YERS AGR EE Each year, more than 80% homebuyers choose to get insurance.

of America’s owner’s title

PEAC E OF MIND If you’re buying a home, owner’s title insurance lets you rest assured, knowing that you’re protected from inheriting any existing debts or legal problems, once you’ve closed on your new home.

Y O U CA N’T B EAT T H E VALU E Owner’s title insurance is a one-time fee that’s very low rel ative to the value it provides. It typically costs around 0.5% of th e home’s purchase price.

NOTH ING C OMPARES Homeowners insurance and warranties protect only the structure and belongings of your home. Getting owner’s title insurance ensures your family’s property rights stay protected.

R E DUC ES YO U R RIS K If you’re buying a home, there are hidden issues that may pop up only after you purchase your home. Getting an owner’s title insurance policy is the best way to protect you rself from unforeseen legal and financial discrepancies. Don’t think it will happen to you? Think again.

U nexpe c te d t i t le cl aim s i nc lu d e : •

Outstanding mortgages and judgements, or lien against the property because the seller has not paid their taxes.

•

Pending legal action against the property that could affect you.

•

An unknown heir of a previous owner who is cl aiming ownership of the property.

C OVE R S YO U R H EI RS As long as you or your heirs own your home, owner’s title insurance protects your property rights.

T I P S F O R “ TA L K I N G T I T L E ” WITH HOMEBUYERS W HO M DO I N EED TO CO M M U N I CAT E W I T H? Nobody knows more about the value of owner’s title insurance than ALTA members. That’s why it’s best for you to communicate directly with homebuyers. In the journey of purchasing a home, homebuyers are confronted with overwhelming amounts of detail and new, complex processes. Keep it simple when explaining the value of title insurance. Remember you sweat the details so your homebuyers don’t have to.

W HERE CAN I FI N D T H E TO O L S I N EED? ALTA is providing you with all the tools you need to help you effectively communicate the value of title insurance to your customers, from REALTORS ® to homebuyers. Make sure you take advantage of all of ALTA homebuyer guide tools, so you can continue to provide homebuyers with peace of mind.

WHAT DO I N EED TO SAY? “As long as you own your home, owner’s title insurance protects you property rights. Now that’s peace of mind every homebuyer deserves. Getting owner’s title insurance is one of the smartest and easiest decisions you’ll make as a homeowner. It’s a one-time purchase that protects your property rights for as long as you or your heirs own your home.”

W HY I S T HI S I M P O RTA N T?

Homebuyers, REALTORS ® , builders, real estate attorneys and lenders are all looking to you for the most effective and accurate information about owner’s title insurance.

FOR MORE INFORMATION ABOUT OWNER’S TITLE INSURANCE, CONTACT HOMESERVICES TITLE

402-434-3737

Educating homebuyers early in the home buying process has a quantifiable positive impact on their understanding, favorability and purchase of owner’s title insurance.

W HEN S HO U L D I REAC H O UT? ALTA research shows that homebuyers want information about the title search process and title insurance as soon as they begin the process of buying a home. In a recent ALTA study, the majority of homebuyers said they would prefer to receive this information when they start working with a lender.

32 COVERED RISKS FOR THE HOMEOWNER’S POLICY TH E C OV E RE D RISKS ARE:

12. You are forced to correct or remove an existing violation of any covenant, condition or restriction affecting the land, even if the covenant, condition or 2. Someone else has rights affecting your title because restriction is expected in Schedule B. However, you of leases, contracts, or options. are not covered for any violation that relates to: a. Any obligation to perform maintenance 3. Someone else claims to have rights affecting your or repair on the land; or title because of forgery or impersonation. b. Environmental protection of any kind, including hazardous or toxic conditions 4. Someone else has an easement on the land. or substances. 1. Someone else owns an interest in your title.

5. Someone has a right to limit your use of the land.

13. Your title is lost or taken because of a violation of any covenant, condition or restriction, which 6. Your title is defective. Some of these defects are: occurred before you acquired your title, even if the a. Someone else’s failure to have authorized covenant, condition or restriction is excepted in a transfer or conveyance of your title. Schedule B. b. Someone else’s failure to create a valid document by electronic means. 14. The violation or enforcement of those portions of c. A document upon which your title is any law or government regulation concerning: based is invalid because it was not a. Building; properly signed, sealed, acknowledged, b. Zoning; delivered or recorded. c. Land use; d. A document upon which your title is based d. Improvement on the land; was signed using a falsified, expired, or e. Land division; or otherwise invalid power of attorney. f. Environmental protection, if there e. A document upon which you title i s based is a notice recorded in the public was not properly filed, recorded, or indexed records, describing any part of the in the public records. land, claiming a violation exists or f. A defective judicial or administrative declaring the intention to enforce the proceeding. law or regulation. Our liability for this covered risks is limited to the extent 7. Any of covered risks one through six occurring after of the violation or enforcement stated in the policy date. the notice. 8. Someone else has a lien on your title, including a: 15. An enforcement action based on the exercise a. Lien of real estate taxes or assessments of a governmental police power not covered by imposed on your title b y a governmental Covered Risks 14 if there is a notice recorded in authority that are due or payable, but unpaid; the public records, describing any part of the land, b. Mortgage; of the enforcement action or intention to bring an c. Judgment, state or federal tax lien. enforcement action. Our liability for this covered d. Charge by a homeowner’s or risks is limited to the extent of the enforcement condominium association; or action stated in that notice. e. Lien, occurring before or after the policy date, for labor and material furnished before 16. Because of an existing violation of a subdivision law the policy date. or regulation affecting the land: a. You are unable to obtain a building 9. Someone else has an encumbrance on your title. permit; b. You are required to correct or remove 10. Someone else claims to have rights affecting your the violation; or title because of fraud, duress, incompetency or c. Someone else has a legal right to, and incapacity. does, refuse to perform a contract to purchase the land, lease it or make a 11. You do not have actual vehicular and pedestrian mortgage loan on it. access to and from the land, based upon a legal right.

17. You lose your title to any part of the land because of 26. Someone else tries to enforce a discriminatory covenant, condition or restriction that they claim the right to take the land by condemning it if: affects your title which is based upon race, color, a. There is a notice of the exercise of the religion, sex, handicap, familial status, or national right recorded in the public records and origin. the notice describes any part of the land; or b. The taking happened before the policy date and is binding on you if you bought the 27. A taxing authority assesses supplemental real estate taxes not previously assessed against the land land without knowing of the taking. for any period before the policy date because of construction or a change of ownership or use that 18. You are forced to remove or remedy your existing occurred before the policy date. structures, or any part of them - other than boundary walls or fences - because any portion was built without obtaining a building permit from the proper 28. Your neighbor builds any structures after the policy date - other than boundary walls or fences - which government office. The amount of your insurance for encroach onto the land. his covered risk is subject to your deductible amount and our maximum dollar limit of liability shown in 29. Your title is unmarketable, which allows someone Schedule A. else to refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it. 19. You are forced to removed or remedy your existing structure, or any part of them, because they violate 30. Someone else owns an interest in your title because an existing zoning law or zoning regulation. If you a court order invalidates a prior transfer of the title are required to remedy any portion of your existing under federal bankruptcy, state insolvency, or similar structures, the amount of your insurance for this creditors’ rights laws. covered risk is subject to your deductible amount and our maximum dollar limit of liability shown in 31. The residence with the address shown in Schedule A Schedule A. is not located on the land at the policy date. 20. You cannot use the land because use as a single32. The map, if any, attached to this policy does not family residence violates an existing zoning law or show the correct location of the land according to zoning regulation. the public records. 21. You are forced to removed your existing structures because they encroach onto your neighbor’s land. If the encroaching structures are boundary walls or fences, the amount of your insurance for this covered risk is subject to your deductible amount and our maximum dollar limit of liability shown in Schedule A. 22. Someone else has a legal right to, and does, refuse to perform a contract to purchase the land, lease it or make a mortgage loan on it because your neighbor’s existing structures encroach onto the land. 23. You are forced to remove your existing structures which encroach onto an easement or over a building set-back line, even if the easement or building setback line is excepted in Schedule B. 24. Your existing structures are damaged because of the exercise of a right to maintain or use any easement affecting the land, even if the easement is excepted in Schedule B. 25. Your existing improvements (or a replacement or modification made to them after the policy date), including lawn, shrubbery or trees, are damaged because of the future exercise of a right to use the surface of the land for the extraction or development of minerals, water or any other substance, even if those rights are excepted or reserved form the description of the land or excepted in Schedule B.

S TA N D A R D V S . E N H A N C E D C OV ERAGE COMPARIS O N O F S TAN DARD ALTA OW N E R’S P O LI C Y AN D HOME OWN ER’S P O L I CY O F T I T L E I N S U R A N C E S TA N DA R D A LTA OW N E R’S PO L I C Y

C OVER ED R ISKS

ENHA NC ED HOMEOWNER’S P OL IC Y

You are forced to remove your existing structures because they encroach onto your neighbor’s land Any defect in or lien or encumbrance on the title Unmarketability of the title Lack of right of access to and from the land Title to the estate or interest described in Schedule A being vested other than as stated therein Someone has a legal right to and refuses to perform a contract to purchase the land, lease it or make a mortgage loan on it because your neighbor’s existing structures encroach onto the land You are forced to remove your existing structures, which encroach onto an easement or over a building set-back line Your existing structures are damaged because of the exercise of a right to maintain or use any easement affecting the land You are forced to remove or remedy your existing structures, or any part of them, because they violate an existing zoning law or zoning regulation You are forced to remove or remedy your existing structures, or any part of them other than boundary walls or fences, because any portion was built without obtaining a building permit from the proper government office Your neighbor builds any structures after the policy date which encroach onto the land The residence with the address is not located on the land at the policy date The map, if any, attached to the policy does not show the correct location of the land according to public records You do not have both actual vehicular and pedestrian access to and from the land based upon a legal right You are forced to correct or remove an existing violation of any covenant, condition or restriction affecting the land Your existing improvements, including lawns, shrubbery or trees, are damaged because of future exercise of right to use the surface of the land for the extraction or development of minerals, water or any other substance You cannot use the land because use as a single-family residence violates an existing zoning law or zoning regulation A taxing authority assesses the supplemental real estate taxes not previously assessed against the land for any period before the policy date because of construction or a change of ownership or use that occurred before the policy date You are unable to obtain a building permit; you are required to correct or remove the violation; or someone else has a legal right to, and refuses, to perform a contract to purchase the land, lease it or make a mortgage loan on it because of an existing violation of a subdivision law or regulation affecting the land Your title is lost or taken because of a violation of any covenant, condition or restriction, which occurred before you acquire your title Someone else tries to enforce a discriminatory covenant, condition or restriction, that they claim affects your title, which is based upon race, color, religion, sex, handicap, familial status or national origin On the anniversary of the policy date for the first five years, the policy will automatically increase by 10 percent in value, up to a total of 150 percent of the original policy amount Some covered risks offer protections for possible post-policy ownership claims against the property Note: Covered risks listed are occurring after the policy date. The Homeowner’s Policy of Title Insurance is for use, when requested, for one-to-four-family residences only. It should not be used for vacant land or for new construction. You must independently verify the payment of all leinable construction cost and the issuance of all required occupancy certificates. A deductible and/or liability cap may apply with respect to certain of the coverages afforded in the Homeowner’s Policy.

+ Coverage is subject to a deductible and liability cap * Coverage for the item is not provided in the ALTA Owner’s policy UNLESS notice of the covenant, ordinance, statute or regulation is recorded in the public land records, Available by endorsement.

Note: All covered risks are subject to policy conditions, exclusions and exceptions

As of 04/2020 | © Old Republic Title | The named agent above is a policy-issuing agent for Old Republic Title. Old Republic Title’s underwriters are Old Republic National Title Insurance Company and American Guaranty Title Insurance Company | Old Republic Title makes no express or implied warrant respecting the information presented herein and assumes no responsibility for errors or omissions.

H P T V S . A LTA P O L I C Y HPT POLICY

C OVER AGE I TEM

(E XTE N D E D C OVE R AG E)

ALTA RESIDENTIAL (L I M I TED C OVER AGE)

False impersonation of a true property owner

Y ES

YES

Forged deeds, releases or wills

Y ES

YES

Undisclosed or missing heirs

Y ES

YES

Instruments executed under invalid or expired power of attorney

Y ES

YES

Mistakes in recording legal documents

Y ES

YES

Misinterpretation of wills

Y ES

YES

Deeds by minors

Y ES

YES

Deeds by persons supposedly single but in fact married

Y ES

YES

Liens for unpaid estate, inheritance, income or gift taxes

Y ES

YES

Fraud

Y ES

YES

Post policy forgery protection

Y ES

Enhanced access coverage

Y ES

Building permit violations

Y ES

Subdivision map act coverage

Y ES

Restrictive covenant violations

Y ES

Mineral extraction coverage

Y ES

Coverage extended to living trusts

Y ES

Y ES (10% PE R Y E A R)

Enhanced encroachment coverage **

Automatic inflation protection (5 years)

CALL HOMESERVICES TITLE AT 402-434-3737 FOR ALL TITLE INSURANCE AND ESCROW NEEDS. H O M E S E R V I C E S T I T L E I S C O M M I T T E D T O S E R V I N G T H E C L I E N T ’ S N E E D S I N A T I M E LY M A N N E R W I T H C O U R T E S Y , P R O F E S S I O N A L I S M A N D AC C U R AC Y . Occasionally, a property or a Grantee is e xcluded from HPT cov erage. The most common are noted below: PROPERTIES EXCLUDED

GRANTEES EXCLUDED

Commercial Irregul ar Tracts Acreages (pro pe rt y

Corporations Limited Liability Companies

mu s t be l o c a te d i n a pl atted subd i v i s i o n to q u a l i f y f o r HP T c o ve r a g e )

Multi-Family with 5 or more units ( 1 to 4 f amil y q u a l i f i e s f o r HP T c o ve ra g e )

Lots There must be an individual taking title to qualify for the HPT Policy. A Trustee of a Trust is considered an individual and will qualify for the HPT. If a property or grantee is excluded from HPT coverage, a notation is referencing the exclusion will appear on the Schedule B-1 of the Title Insurance Commitment. Your HPT Policy will automatically increase by 10% in value each year for the first five years (up to 150%) to help cover increases due to inflation.

Choose the HPT Title Insurance Policy to further protect your investment and increase the resale potential of your home by insuring additional title risks. The HPT Policy offers more coverage, more protection and more peace of mind. Both policies contain certain limitations and exclusions that apply.

P E R S O N A L I D E N T I F I C AT I O N AT C L O S I N G With all the documentation required at closing, perhaps the simplest and most basic are the documents that verify the identity of buyers and sellers. The absence of proper documentation affirming identity can delay or impede a smooth and timely closing. A growing number of lenders are now requiring two forms of identification at closing from borrowers. This requirement is part of the lender’s closing instructions and is a condition for funding and authorization to disburse. To stay in compliance with the Patriot Act, acceptable identification is required. Documents pertaining to a real estate transaction (warranty deeds, deeds of trust, affidavits, etc.) require that the signatures be witnessed by a notary public. Nebraska law states that an individual signing a document must be personally known to the notary or that the notary receives satisfactory evidence that the person signing is the actual person named in the documents.

WHAT I S ACC EP TA B LE I DE N T I F I CAT IO N? A current identification card or document issued by a federal or state government entity. A driver’s license is the most common form of identification used to verify identity as it meets the three basic identity requirements of a photograph, physical description and a signature. Other acceptable forms of identification include a military ID card or a US or foreign passport. Social security cards and birth certificates are not considered reliable means of identification as they lack a photo and general description and they can be easily altered or reproduced.

WHAT I S ACC EP TA B LE F O R T HE S E C O N D F O RM O F I DE N T I F I CAT IO N? Social security card, credit card, birth certificates and W-2 are among acceptable second forms for identification.

WHAT A BO UT N A M E C H A N G E? If an individual’s identification card does not match the name shown on the documents to be signed at closing, that individual must bring supporting documentation to closing such as a marriage license or divorce decree and we will review on a case-bycase basis. The best practice is to have the buyer or seller update their license to reflect the newly married or divorced name prior to closing. In conclusion, buyers and sellers must provide reliable identification to substantiate their identity before the closing can be completed. In the event a buyer or seller cannot provide one of the types of documentation listed here, or if there are questions regarding the documentation, please contact the closer prior to closing.

E X P L A N AT I O N O F E N D O R S E M E N T S EPA: Insures the lender that there are no notices of any type of environmental liens filed against the property. (Examples: contaminated water, air pollutants, etc.) This endorsement covers residential property only (1-4 family residences located in a platted subdivision). EPA endorsements cannot be issued on irregular tract lots or agricultural land.

ALTA 9: Insures the lender that there are no violations of protective covenants or restrictions. It also provides coverage against encroachments by the insured property onto adjoining properties and by adjoining properties onto the insured property. Issuance of this endorsement provided only upon receipt of survey or Seller’s Survey Affidavit on residential property OR receipt of an As-Built Survey on commercial or multi-family properties.

SURVEY: Insures the lender against damages or loss arising from any survey encroachments or violations.

PLANNED UNIT DEVELOPMENT (PUD): Insures the lender that there are no violations of restrictive covenants; that the lender would have a priority lien over any assessment in favor of the homeowner’s association and against the forced removal of any existing structure on the land (other than a boundary wall or fence) because it encroaches onto adjoining land or easement.

ADJUSTABLE RATE MORTGAGE: Insures the lender against the invalidity or unenforceability of their lien resulting from provisions which provide for interest on interest, changes in the interest rate or the addition of unpaid interest to the principle balance of the loan.

LOCATION: Insures the lender that the insured lien covers improvements located within the boundaries of the premises.

These are just a few of the most common lender required endorsements to the Loan Policy. There are many other endorsements available to lenders and/or owners. If an unusual endorsement is requested, please check with us to see if we are able to issue the endorsement, what the premium charge will be and if there are additional underwriting requirements that will need to be met for issuance of the requested endorsement.

R E A L E S TAT E D I C T I O N A R Y A

Abstract of Title: A condensed history or summary of all transactions affecting a particular tract of land. Abstract of Judgment: A summary of the essential provisions of a court judgment. When recorded, an abstract of judgment creates a lien on all of the real property of the judgment debtor in the county in which it is recorded. Access: The legal right to enter and leave a tract of land from a public way. Can include the right to enter and leave over the land of another. Accretion: The slow buildup of land by natural forces such as wind or water. Acknowledgment: A formal declaration made before a duly authorized officer (usually a notary public) by a person who has executed an instrument that such execution is his or her act and deed. Adjustable Rate Mortgage (ARM): A residential mortgage that has an interest rate that is subject to change. The times of adjustment are agreed upon at the inception of the loan. Administrator: A person appointed by a probate court to settle the affairs of an individual dying without a will. The term is “administratrix” if such a person is a woman. | Also see “Personal Representative.” Adverse Possession: A claim made against the land of another by virtue of open and notorious possession of said land by the claimant.

Assignor: One who makes an assignment. For example, the assignor of a mortgage or contract. Assumable Mortgage: A mortgage which, by its terms, allows a new owner to take over its obligations. Attachment: Legal seizure of property to force payment of a debt. Attorney in Fact: One who holds a power of attorney from another, allowing him or her to execute legal documents such as deeds, mortgages, etc., on behalf of the grantor of the power.

Balloon Mortgage: A mortgage that is amortized over a specific period of years, but requires a lump-sum payment in full at an earlier date. Bankruptcy: A federal court proceeding in which debtors may be relieved of liability for their debts after surrender of their nonexempt assets to a court-appointed trustee. Beneficiary: The person who is entitled to receive funds or property under the terms and provisions of a will, trust, insurance policy or security instrument. In connection with a mortgage loan the beneficiary is the lender. Beneficiary’s Statement: The statement of a lender which gives the remaining principal balance due on a note and other information concerning the loan. It is usually obtained in escrow when the owner wishes to sell or refinance.

Affidavit: A sworn statement in writing.

Bill of Sale: An instrument by which title to personal property is transferred or conveyed.

Agent: A person or company that has the power to act on behalf of another or to transact business for another, e.g., a title agent under contract with Old Republic Title is an agent solely for the purpose of issuing policies of title insurance and other title insurance products.

Bona Fide Purchaser (BFP): One who buys property in good faith, for fair value, and without notice of any adverse claims or rights of third parties.

Air Rights: The right to ownership of everything above the physical surface of the land.

Broker: A person licensed to act as an agent for another in negotiating the sale or purchase of real property in return for a fee or commission.

All-inclusive Trust Deed (wrap-around mortgage): A financing technique that involves the creation of a new trust deed that includes the balance due on the existing note plus any new funds advanced.

Bureau of Land Management: The branch of government in charge of surveying and managing public land.

ALTA: American Land Title Association, a national association of title insurance companies, abstractors and attorneys specializing in real property law. Its headquarters are in Washington, D.C. Amortization: The process of paying off a debt in installments over a given period of time without a final balloon payment. Annual Percentage Rate (APR): An expression of the percentage relationship of the total finance charges to the total amount to be financed as required under the federal Truth-in-Lending Act. Appraisal: A written opinion of market value based upon a factual analysis of relevant local market information. Appurtenance: Anything so annexed to land or used with it that it will pass with the conveyance of the land. ARM: Adjustable Rate Mortgage. | Also see “Variable Rate Mortgage.” Assessed Valuation: The value that a taxing authority places upon real or personal property for the purpose of taxation. Assessment: The imposition of a tax, charge or levy, usually according to established rates. Assessor: A public official who evaluates property for the purpose of taxation. Assignee: One to whom a transfer of interest is made. For example, the assignee of a mortgage or contract.

Buydown: A financing technique used to reduce the monthly payment for the home buying borrower during the initial years of ownership. Under some buydown plans, a residential developer, builder or the seller will make subsidy payments (in the form of points) to the lender that “buy down,” or lower, the effective interest rate paid by the home buyer, thus reducing monthly payments for a set period of time.

Cap: The maximum which an adjustable rate mortgage may increase regardless of index changes. CC&R’s: Covenants, Conditions and Restrictions. | Also see “Conditions and Restrictions.” Changed Circumstance: In accordance with the TRID Rule, events which allow a creditor to revise a Loan Estimate or a Closing Disclosure include: (i) an extraordinary event beyond the control of any interested party or other unexpected event specific to the consumer or transaction; (ii) information specific to the consumer or transaction that the creditor relied upon when providing the Loan Estimate and that was inaccurate or changed after the disclosures were provided; (iii) new information specific to the consumer or transaction that the creditor did not rely on when providing the Loan Estimate; (iv) revisions requested by the consumer; (v) when the Loan Estimate expires; or (vi) on the day of the rate lock. Chain of Title: A term applied to the past series of transactions and documents affecting the title to a particular parcel of land. Cloud on Title: An irregularity, possible claim, or encumbrance which, if valid, would affect or impair the title.

Closing: Also known as “escrow” or “settlement.” The process of executing legally binding documents, such as deeds and mortgages, most commonly associated with the purchase of real estate and the borrowing of money to assist in the purchase. Closing Costs: Expenses for services incidental to a sale of real estate, such as sales commissions, loan fees, title fees, appraisal fees, etc.

Contingency: Action conditioned upon a certain event. Acceptance of the terms of a contract based on something else happening or certain conditions being met. Contract for Deed: An agreement to sell and purchase, under which title is held as security by the seller until such time as the required payments to the seller have been completed.

Closing Disclosure: The five-page Closing Disclosure, also referred to as CD, must be provided to the consumer three business days before they close on the loan. The Closing Disclosure details all of the costs associated with the mortgage transaction.

Convey: The act of deeding or transferring title to another.

Closing Statement: A summation, in the form of a balance sheet, made at a closing showing the amounts of debits and credits to which each party to a real estate transaction is entitled.

Covenant: An agreement written into deeds and other instruments promising performance or nonperformance of certain acts, or stipulating certain uses or non-uses of the property.

Clouded Title: An encumbered title.

Cul-de-Sac: The terminus of a street or alley. Usually laid out by modern engineers to provide a circular turnaround for vehicles.

Coinsurance: A form of insurance underwritten by two or more title insurers sharing a single risk under separate title insurance policies in proportional amounts. Commission: Compensation due a real estate broker for acting on behalf of the principal. Community Property: A form of vesting title to property owned by a husband and wife during their marriage which they intend to own together. It is distinguished from separate property, which is property acquired before marriage, by separate gift or bequest, after legal separation, or which is agreed in writing to be owned by one spouse. Common Interest Community (CIC): Ownership characterized by mutual ownership of common areas, either jointly or through membership in an association, e.g., condominiums, planned unit developments and townhomes. Comparables (Comps): An abbreviation for comparable properties used for comparative purposes in the appraisal process. Condemnation: Taking private property for public use through court proceedings. | Also see “Eminent Domain.”

Conveyance: An instrument by which title is transferred, e.g., a deed. Also the act of transferring title.

Deed: A written document by which the ownership of land is transferred from one person to another. Deed of Trust: An instrument used in many states in place of a mortgage. Property is transferred to a trustee by the trustor (borrower), in favor of the beneficiary (lender) and reconveyed (satisfied) upon payment in full. Demand: The lender’s statement of the amount due to pay off a loan. Documentary Transfer Tax: The tax, based on sales price, less loans which are being assumed, which is charged by the city and/or county on the transfer of real property. Devise: The disposition of real property by will. Due-on-Sale Clause: Provision in a mortgage or deed of trust which requires loan to be paid in full if property is sold or transferred.

Earnest Money: Advance payment of part of the purchase price to bind a contract for property.

Condition or Conditions: A proviso in a deed, will or other instrument that, upon the happening or failure to happen of a certain event, limits, enlarges, changes or terminates the title of the purchaser or devisee.

Easement: An interest in land owned by another that entitles its holder to a specific limited use, such as laying a sewer, putting up electric power lines or crossing the property. | Also see “Right of Way.”

Conditions and Restrictions: Limitations placed on the use and enjoyment of land. May include penalties for failure to comply. These are found most often on condominiums and planned unit developments.

Egress: The right to leave a tract of land.

Condominium: A system of individual fee ownership of units in a multiunit structure, combined with joint ownership of common areas of the structure and land. Conservator: See “Guardian.” Consideration: A required element in all contracts by which something of value, including a promise, is exchanged for the act or promise of another. Consummation: Consummation is not the same thing as closing or settlement. Consummation occurs when the consumer becomes legally obligated to the creditor on the loan, not, for example, when the consumer becomes contractually obligated to a seller on a real estate transaction. Consumer Finance Protection Bureau (CFPB): The regulatory agency created by the Dodd-Frank Act and charged with overseeing financial products and services that are offered to consumers. Consumer’s Intent to Proceed: Unless a particular manner of communication is required by the creditor, a consumer indicates intent to proceed with the transaction when the consumer communicates, in any manner, that the consumer chooses to proceed after the Loan Estimate has been delivered. This may include (i) oral communication in person immediately upon delivery of the Loan Estimate; or (ii) oral communication over the phone, written communication via email, or signing a preprinted form after receipt of the Loan Estimate. A consumer’s silence is not indicative of intent to proceed.

Eminent Domain: The power of the state to take private property for public use upon payment of just compensation. Encroachment: A trespass or intrusion onto another’s property, usually by a structure, wall or fence. Encryption: The conversion of data into a form that cannot be easily understood by unauthorized people. The process of encoding a message so that it can be read only by the sender and the intended recipient. Encryption is the most effective way to achieve data security. Encumber: To burden a parcel of land with a lien or charge. Encumbrance: A lien, liability or charge upon a parcel of land, e.g. a mortgage or easement. Endorsement: A rider attached to an insurance policy to expand or limit coverage. Also spelled indorsement. Equity: The value of a person’s interest in real property after all liens and charges have been deducted. Escheat: A reversion of property to the state in those cases where an individual dies without heirs or devisees, and, in some states, without a will. Escrow: A procedure whereby a disinterested third party handles legal documents and funds on behalf of a seller and buyer, and delivers them upon performance by the parties. Estate: A person’s possessions. The extent of a person’s interest in real property.

Examination of Title: The investigation and interpretation of the record title to real property based on the title search or abstract.

beyond which wharves and other structures may not be built. Also designated as line of navigation.

Exception: In legal descriptions, that portion of land to be deleted or excluded. The term often is used in a different sense to mean an encumbrance on title, excluded from coverage in a title insurance policy.

Hazard Insurance: Insurance protecting a property owner against loss, such as: fire, windstorm, lightning, hail, explosion, riot, smoke, property damage, flood or mudslide. It is usually purchased as part of the Homeowner’s Insurance Policy.

Executor: A person appointed by the probate court to carry out the terms of a will. The term is “executrix” if that person is a woman. | Also see “Personal Representative.”

Fair Market Value: An appraisal term for the price which a property would bring in a competitive market given a willing seller and willing buyer, each of whom has a reasonable knowledge of all pertinent facts, with neither being under any compulsion to buy or sell. Fannie Mae: Federal National Mortgage Association (also FNMA) is a private corporation, federally chartered to provide financial products and services that increase the availability and affordability of housing by purchasing mortgage loans. Federal Housing Administration (FHA): A division of the Department of Housing Fee Simple Estate: The greatest possible estate in land where the title is held completely and without any limitations or conditions. Sometimes designated simply as “Fee.” Finance Charge: A total of all costs imposed directly or indirectly by the creditor and payable either directly or indirectly by the customer, as defined by the federal Truth-in-Lending laws. Financing Statement: A document filed with the Register of Deeds or Secretary of State to give notice that a creditor (lender) has or may have a security interest in the personal property of the debtor (borrower). First Mortgage: A mortgage on property that is superior in right to any other mortgage. Fixed Rate Mortgage: A mortgage on which the same rate of interest is charged for the life of the mortgage. Fixtures: Any item of property so attached to real property that it becomes a part of the real property. Flood Certification: A common term for a Federal Emergency Management Agency (FEMA) Standard Flood Hazard Determination Form (SFHDF). This determines whether land or a building is located within a Special Flood Hazard Area for purposes of flood insurance requirements under the National Flood Insurance Program. Forfeiture of Title: Provision in a deed creating a condition which will cause title to be passed to another, should certain circumstances occur. Freddie Mac: Federal Home Loan Mortgage Corporation (also FHLMC) is a stockholder-owned corporation chartered by Congress that purchases mortgage loans.

Ginnie Mae: Government National Mortgage Association (also GNMA) is a wholly owned United States corporation that guarantees privately issued securities backed by pools of mortgages insured by FHA (Federal Housing Administration), FMHA (Farmers Home Administration) or VA (Veterans Administration).

Heir: One who might inherit or succeed to an interest in land of an individual who dies without leaving a will (intestate). Hidden Defect: An encumbrance on a title that is not apparent in the public records; for example, unknown heirs, secret marriages and forged instruments. Home Equity Conversion Mortgage: A reverse or reverse annuity mortgage in which HUD, through FHA, guarantees that the borrower will receive monthly payments from the insurer (FHA), in the event the lender is unable to make payments to the borrower. Home Equity Line of Credit (HELOC): A loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower’s equity in his/her house. Homeowners Insurance: Insurance protection paying benefits for damage to improved real property or possessions in the home. Also provides liability coverage against accidents in the home or on the property. HUD-1: The HUD-1 is a type of settlement statement which, prior to the TILA-RESPA Integrated Disclosure (TRID) Rule, was required for use with all federally related mortgage loans. It has been supplanted by the “Closing Disclosure” as a required form, but the HUD-1 will continue to be used for reverse mortgage and HELOC transactions. In addition, it may remain in use for some transactions that do not involve federally related mortgage loans since it functions well as a balance sheet of the settlement.

Impound Account: An account held by a lender for the payment of taxes, insurance or other periodic debts against real property. Improvements: Those additions to raw land tending to increase value, such as buildings, streets, sewer, etc. Indemnify: To make payment for a loss or to hold another harmless from loss. Ingress: The right to enter a tract of land. Insurance: A contract of indemnity against specified perils. Interim Financing: Temporary or short-term loans. Often used with new construction. Usually replaced with permanent long-term financing. Intestate: Designates the estate or condition of failing to leave a will at death. “To die intestate.”

Joint Tenancy: An estate where two or more persons hold real estate jointly for life, the survivors to take the entire interest on the death of one of the joint tenants. Judgment: A decree of a court. In practice, this is the lien or charge upon the land of a debtor resulting from the court’s award of money to a creditor. | Also see “Judgment Lien.”

Graduated Payment Mortgage: A loan in which monthly payments are relatively small in the beginning and gradually increase in dollar amount over the life of the mortgage.

Judgment Docket: The record book of a County Clerk, where a judgment is entered in order that it may become a lien upon the property of the debtor.

Grantee: A person who acquires an interest in land by deed, grant or other written instrument.

Judgment Lien: The charge upon the land of a debtor resulting from the decree of a court properly entered into the judgment docket.

Grantor: A person, who, by a written instrument, transfers to another an interest in land.

Guardian: One appointed by the court to administer the affairs of an individual not capable of administering his or her own affairs.

Lease: A grant of the use of land for a term of years in consideration of the payment of a monthly or annual rental.

Legal Description: A description by which property can be definitely located by reference to surveys or recorded maps.

Harbor Line: An arbitrary line set by authorities on navigable rivers,

Land Contract: See “Contract for Deed.”

Lender’s Policy: A form of title insurance policy which insures the validity, enforceability and priority of a lender’s lien. This policy does not provide protection for the owner.

Notarization: The certification by a notary public that a person signing a document has been properly identified. Notarization does not certify the content of a document, only validity of signature.

Lessee: One who takes land under a lease.

Notary: One authorized to take acknowledgments.

Lessor: One who grants land under a lease.

Note: The instrument evidencing the indebtedness. A note is usually secured by a security instrument such as a mortgage or deed of trust.

Lien: A hold, claim or charge allowed a creditor upon the land of a debtor. Some examples are mortgage liens, judgment liens and mechanics’ liens. Life Estate: A grant or reservation of the right of use, occupancy and ownership for the life of an individual. Lis Pendens: A notice recorded in the official records of a county to indicate that a suit is pending affecting title to the land in the jurisdiction where the notice is recorded. Loan Estimate: A three-page Loan Estimate (also called LE) must be provided to the consumer no later than three business days after they submit a loan application for most mortgages. The Loan Estimate provides information about key features, costs and risks of the mortgage loan for which the consumer is applying. Loan Policy: See “Lender’s Policy.” Loan to Value Ratio: The ratio of the mortgage loan’s principal to the property’s appraised value or its sales price, whichever is lower. Loss Payable Clause: A clause in a contract of insurance which says any loss will be paid to two or more parties as their interest may appear. Usually the owner and the mortgage lender. Lot: A part of a subdivision or block having fixed boundaries ascertainable by reference to a plat or survey.

Market Value: An appraisal term denoting the highest price that a buyer, willing but not compelled to buy, would pay and the lowest a seller, willing but not compelled to sell, would accept. Marketable Title: A good title about which there is not fair or reasonable doubt. Mechanic’s Lien: A lien allowed by statute to contractors, laborers and material suppliers on buildings or other structures upon which work has been performed or materials supplied. Metes and Bounds: A description of land by courses and distances. Mortgage: An instrument used to encumber land as security for a debt.

Origination Fee: The administrative fee charged by the lender to prepare loan documents, run credit checks, inspect and sometimes appraise a property, usually computed as a percentage of the face value of the loan. Owner’s Policy: A policy of title insurance, which insures a named owner against loss by reason of defects, liens and encumbrances not excepted to in the policy or unmarketability of the title. The company also agrees to defend covered claims made against the title. Ownership: The right to possess and use property to the exclusion of others.

Patent: A document or grant by which the federal or state government originally transferred title to public land to an individual. The first in the series of transfers by which title comes down to present owners. Perfecting Title: Process involving the elimination of any adverse claims against title. Personal Representative: A person appointed by the probate court to administer a decedent’s estate. | Also see “Executor” or “Administrator.” PITI: Refers to principal, interest, taxes and insurance, the four major components of a usual monthly mortgage payment. PITI Ratio: The principal, interest, tax and insurance payment-to-income ratio. Used in mortgage lending decisions. Plat or Plot: A map representing a piece of land subdivided into lots with streets shown thereon. P.M.I.: Private Mortgage Insurance. An insurance contract which insures that the named lender will recover a specific percentage of the loan amount from the insurer in the event the loan goes bad. Points: A one-time special fee or extra charge paid to a lender in order to secure a loan. Expressed as a percentage of face amount of mortgage. Policy: See “Title Insurance Policy”. Policyowner: The insured on a title insurance policy.

Mortgage Banker: A specialized lending institution that lends money solely with respect to real estate and secures its loans with mortgages on the real estate.

Power of Attorney: An instrument authorizing another to act on one’s behalf in legal matters.

Mortgage Broker: A person or company that buys and sells mortgages for another on commission or who arranges for and negotiates mortgage contracts.

Power of Sale: A clause in a will, mortgage, deed of trust or trust agreement authorizing the sale or transfer of land in accordance with the terms of the clause.

Mortgage Insurance: Insurance protecting against the nonpayment of, or default on, an individual mortgage or loan involved in a residential mortgage transaction. It protects the mortgage lender against loss incurred by a reason of nonpayment or mortgage default.

Pre-Settlement Inspections: See “Walk Through.”

Mortgagee: The mortgage lender. Mortgagee’s Policy: See “Lender’s Policy.” Mortgagor: The mortgage borrower.

Non-Public Personal Information (NPPI or NPI): Means ‘‘personally identifiable financial information’’ that is (i) provided by a consumer to a financial institution, (ii) about a consumer resulting from a transaction or service performed for the consumer, or (iii) otherwise obtained by the financial institution. Personally identifiable financial information includes any information obtained by a financial institution in connection with its provision of a ‘‘financial product or service,’’ even if the information is not typically considered financial in nature.

Prepayment Penalty: A clause in a mortgage or loan contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. The penalty can be based on percentage of the remaining mortgage balance or some other calculation as described in the clause. Premium Tax: A tax imposed on all premiums from the business of title insurance. Only applies in some states. Principal: The sum of money outstanding upon which interest is payable. Also refers to one who is served by an agent. Privacy Rule: The GRAMM-LEACH-BLILEY ACT requires financial institutions (which includes title insurance companies) to give notice to all of their “customers” about their privacy practices. The Privacy Policy is a “clear and conspicuous” written notice describing their privacy policies and practices. Prorate: To allocate between seller and buyer their proportionate share of an obligation paid or due. For example, a proration of real property taxes or fire insurance premiums.

insured, documents which may not refer to said property. Allows title companies to differentiate between parties with similar names when searching matters such as liens and court decrees.

Quiet Title: An action in a proper court to remove record defects or possible claims of other parties named in the action.

“Subject To” Clause: A clause in a contract of sale setting forth any contingencies or special conditions of purchase and sale, such as an offer made and accepted subject to financing, securing certain zoning or similar requirements.

Qualification: The process of reviewing a prospective borrower’s credit and payment capacity prior to approving a loan.

Quitclaim Deed: A deed relinquishing all interest, title or claim in a property by a grantor. Accomplished without representing that such title is valid, nor containing any warranty or covenants of title.

Subordination Agreement: An agreement under which a prior or superior lien is made inferior or subject to an otherwise junior lien.

Range: A part of the government survey, being a strip of land six miles in width, and numbered east or west of the principal meridian.

Sub-Surface Right: The right of ownership to things lying beneath the physical surface of the property.

Real Estate Settlement Procedures Act (RESPA): A federal statute requiring disclosure of certain costs in the sale of residential, improved property which is to be financed by a federally insured lender.

Survey: The process of measuring land to determine its size, location and physical description, and the resulting drawing or map.

Real Property: Land, together with fixtures, improvements and appurtenances. REALTOR®: A federally registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Realty: A brief term for real property. Reconveyance: The conveyance to the landowner of the title, held by a trustee under a deed of trust, when the performance of the debt is satisfied. Recordation: Involves filing for record in the office of the county recorder for the purpose of giving constructive notice of title, claim or interest in real property. Record Owner: The owner of property as shown by an examination of the public record.

Tax Lien: A lien for real property taxes. Attaches only to the property upon which the taxes are due in most jurisdictions. It may be foreclosed for nonpayment. Tenancy by the Entirety: Ownership by married persons. Each owns the entire estate, with the survivor taking the whole upon the other’s death. Tenancy in Common: An estate or interest in land held by two or more persons, each having equal rights of possession and enjoyment, but without any right of succession by survivorship between the owners. Tenant: Any person occupying real property with the owner’s permission. Testament: Another term for a will. Commonly referred to as “last will and testament.” Testate: The state or condition of leaving a will at death. “To die testate.” Testator: A man who makes or has made a testament or will.

Redeem: Literally “to buy back.” The act of buying back land after a mortgage foreclosure, tax foreclosure, or other execution sale.

Testatrix: A woman who makes or has made a testament or will.

Redisclosure: For covered transaction under the TILA-RESPA Integrated Disclosure (TRID) Rule and under very specific circumstances, the Loan Estimate and/or the Closing Disclosure may be revised and delivered to the consumer.

Three-Day Review Period: For covered transactions under the TILARESPA Integrated Disclosure (TRID) Rule the creditor is generally required to ensure that the consumer (borrower) receives the Closing Disclosure no later than three business days prior to the consummation of the loan.

Registered Land: See “Torrens Title.” Reinsurance: To insure again by transferring to another insurance company all or part of an assumed liability, thus spreading the loss risk any one company has to carry. Reverse or Reverse Annuity Mortgage: A mortgage for which the borrower pledges home equity in return for regular (monthly) payments, rather than a lump sum distribution of loan proceeds. Repayment is usually not required until the home is sold or the borrower’s estate is settled, provided the borrower continues to live in the home and keeps current all taxes and insurance. | Also see “Home Equity Conversion Mortgage.” Right of Way: The right which one has to pass across the land of another. An easement. Riparian: Rights to use of waterways in adjoining lakes or rivers.

Title: (i) ownership of real property, which stands against the right of anyone else to claim the property; (ii) the evidence of right which a person has to the ownership and possession of land. Title Agent: See “Agent.” Title Defect: Any legal right held by others to claim property or to make demands upon the owner. Title Commitment: A report issued by a title insurance company or its agent, committing the title insurance company to issue the form of policy designated in the commitment upon compliance with and satisfaction of requirements set forth in the commitment. Title Examination: To peruse and study the instruments in a chain of title and to determine their effect and condition in order to reach a conclusion as to the status of the title.

Title Insurance Underwriter: An insurance company that issues insurance policies either to the public or to another insurer.

Section or Section of Land: A parcel of land comprising approximately one square mile or 640 acres.

Title Insurance: An agreement to indemnify the insured against loss arising from a covered defect in title to a particular parcel of real property, which is typically issued to both the buyer to protect their property rights (through an owner’s title insurance policy), and the lender to protect its lien rights (through a lender’s title insurance policy).

Second Mortgage: A second loan on real estate that already has a mortgage. It is subordinate to the first mortgage.

Set Back Lines: Those lines which delineate the required distances for the location of structures in relation to the perimeter of the property. Statement of Information (SI): A confidential information statement completed by the buyer, seller and borrower in every transaction where a policy or policies of title insurance are requested. Allows the title company to competently search documents affecting the property to be

Title Insurance Policy: A written contract of title insurance. Title Plant: The total facilities: records, equipment, fixtures, and personnel: required to function as a title insurance operation in some parts of the country. Technically, the organization of official records affecting real property into a system, which allows quick and efficient recovery of title information.

Title Search: An examination of public records, laws and court decisions to disclose the current facts regarding ownership of real estate. Tolerances: See “Variances.”

Zoning: The right of a municipality to regulate and determine the compatible character and use of property.

Torrens Title: A system whereby, after court proceedings, a certificate is issued setting forth the extent of the applicant’s estate in land, subject to the exceptions shown. Total Interest Percentage (TIP): The total amount of interest that the consumer will pay over the life of the loan as a percentage of the principal of the loan, assuming the consumer makes each monthly payment in full and on time, and does not make any overpayments. Total Loan Costs: Fees the lender charges to make the loan, as well as fees paid to providers selected by the lender and fees paid to providers chosen by the borrower. Total Loan Costs are found under Section D of the Loan Estimate. Township: A division of territory approximately six miles square, containing approximately 36 sections or 36 square miles. Tract: A particular parcel of land. Trust: A property right held by one as a fiduciary for the benefit of another. Trustee: A person holding property in trust as a fiduciary for the benefit of another. Trustor: The borrower under a deed of trust. One who deeds their property to a trustee as security for repayment of a loan. The Dodd-Frank Act: Fully known as the Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that places regulation of the financial industry in the hands of the government.

Uniform Settlement Statement: The standard HUD Form 1 required to be given to the borrower, lender and seller at, or prior to, settlement. Unmarketable Title: Title which contains defects that would allow a purchaser to be released from his obligation to purchase.

Variable Rate Mortgage: A loan in which the interest rate fluctuates with the cost of funds or some other index. Variances: The comparison made between fees and/or charges listed on the Loan Estimate (or Good Faith Estimate) and those listed on the final Closing Disclosure (or HUD-1). Not all fees are exposed to such scrutiny but for those that are the creditor/lender is held accountable for the excessive charges. There are two levels of tolerance based on the type of fee. Variance may also be referred to as Tolerance. Vendee: A purchaser of real property under land contract. Vendor: A seller of real property under land contract. Vest: To pass to a person an immediate right or interest. Title may be said to vest in John Smith. Veterans Administration (VA): VA has power and authority to guarantee or insure payment of loans made to veterans by private lending institutions. This function is similar to that of FHA. VA also makes direct loans to veterans in non-urban areas where private loan funds are not available.

Walk Through: Depending on the terms of the contract of sale or based on local custom, a walk-through or pre-settlement inspection may be scheduled prior to settlement or closing of the transaction. The primary purpose of this type of inspection is to make certain the property is in the agreed-upon condition, repairs (if any) from the home inspection are complete, and to confirm that nothing has gone wrong with the property since the buyer’s last viewing. Warranty: A limited promise by the grantor of real property that he or she is the owner and will be responsible to the buyer if title is other than as represented. Will: A written document providing for the distribution of property owned by a person after his or her death.

T I T L E I N S U R A N C E R AT E S METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$1 - 5,000

$150.00

$175.00

$150.00

$175.00

$6,000

$150.00

$175.00

$153.50

$175.00

$7,000

$150.00

$175.00

$157.00

$175.00

$8,000

$150.00

$175.00

$160.50

$175.00

$9,000

$150.00

$175.00

$164.00

$175.00

$10,000

$150.00

$175.00

$167.50

$175.00

$11,000

$150.00

$179.25

$171.00

$179.25

$12,000

$150.00

$183.50

$174.50

$183.50

$13,000

$150.00

$187.75

$178.00

$187.75

$14,000

$150.00

$192.00

$181.50

$192.00

$15,000

$150.00

$196.25

$185.00

$196.25

$16,000

$150.00

$200.50

$188.50

$200.50

$17,000

$150.00

$204.75

$192.00

$204.75

$18,000

$150.00

$209.00

$195.50

$209.00

$19,000

$150.00

$213.25

$199.00

$213.25

$20,000

$150.00

$217.50

$202.50

$217.50

$21,000

$153.50

$221.75

$206.00

$221.75

$22,000

$157.00

$226.00

$209.50

$226.00

$23,000

$160.50

$230.25

$213.00

$230.25

$24,000

$164.00

$234.50

$216.50

$234.50

$25,000

$167.50

$238.75

$220.00

$238.75

$26,000

$171.00

$243.00

$223.50

$243.00

$27,000

$174.50

$247.25

$227.00

$247.25

$28,000

$178.00

$251.50

$230.50

$251.50

$29,000

$181.50

$255.75

$234.00

$255.75

$30,000

$185.00

$260.00

$237.50

$260.00

$31,000

$188.50

$264.25

$241.00

$264.25

$32,000

$192.00

$268.50

$244.50

$268.50

$33,000

$195.50

$272.75

$248.00

$272.75

$34,000

$199.00

$277.00

$251.50

$277.00

$35,000

$202.50

$281.25

$255.00

$281.25

$36,000

$206.00

$285.50

$258.50

$285.50

$37,000

$209.50

$289.75

$262.00

$289.75

$38,000

$213.00

$294.00

$265.50

$294.00

$39,000

$216.50

$298.25

$269.00

$298.25

$40,000

$220.00

$302.50

$272.50

$302.50

$41,000

$223.50

$306.75

$276.00

$306.75

$42,000

$227.00

$311.00

$279.50

$311.00

$43,000

$230.50

$315.25

$283.00

$315.25

$44,000

$234.00

$319.50

$286.50

$319.50

$45,000

$237.50

$323.75

$290.00

$323.75

$46,000

$241.00

$328.00

$293.50

$328.00

$47,000

$244.50

$332.25

$297.00

$332.25

$48,000

$248.00

$336.50

$300.50

$336.50

$49,000

$251.50

$340.75

$304.00

$340.75

$50,000

$255.00

$345.00

$307.50

$345.00

Old Republic Insurance Rates | Effective September 1, 2018

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$51,000

$258.00

$348.75

$310.50

$348.75

$52,000

$261.00

$352.50

$313.50

$352.50

$53,000

$264.00

$356.25

$316.50

$356.25

$54,000

$267.00

$360.00

$319.50

$360.00

$55,000

$270.00

$363.75

$322.50

$363.75

$56,000

$273.00

$367.50

$325.50

$367.50

$57,000

$276.00

$371.25

$328.50

$371.25

$58,000

$279.00

$375.00

$331.50

$375.00

$59,000

$282.00

$378.75

$334.50

$378.75

$60,000

$285.00

$382.50

$337.50

$382.50

$61,000

$288.00

$386.25

$340.50

$386.25

$62,000

$291.00

$390.00

$343.50

$390.00

$63,000

$294.00

$393.75

$346.50

$393.75

$64,000

$297.00

$397.50

$349.50

$397.50

$65,000

$300.00

$401.25

$352.50

$401.25

$66,000

$303.00

$405.00

$355.50

$405.00

$67,000

$306.00

$408.75

$358.50

$408.75

$68,000

$309.00

$412.50

$361.50

$412.50

$69,000

$312.00

$416.25

$364.50

$416.25

$70,000

$315.00

$420.00

$367.50

$420.00

$71,000

$318.00

$423.75

$370.50

$423.75

$72,000

$321.00

$427.50

$373.50

$427.50

$73,000

$324.00

$431.25

$376.50

$431.25

$74,000

$327.00

$435.00

$379.50

$435.00

$75,000

$330.00

$438.75

$382.50

$438.75

$76,000

$333.00

$442.50

$385.50

$442.50

$77,000

$336.00

$446.25

$388.50

$446.25

$78,000

$339.00

$450.00

$391.50

$450.00

$79,000

$342.00

$453.75

$394.50

$453.75

$80,000

$345.00

$457.50

$397.50

$457.50

$81,000

$348.00

$461.25

$400.50

$461.25

$82,000

$351.00

$465.00

$403.50

$465.00

$83,000

$354.00

$468.75

$406.50

$468.75

$84,000

$357.00

$472.50

$409.50

$472.50

$85,000

$360.00

$476.25

$412.50

$476.25

$86,000

$363.00

$480.00

$415.50

$480.00

$87,000

$366.00

$483.75

$418.50

$483.75

$88,000

$369.00

$487.50

$421.50

$487.50

$89,000

$372.00

$491.25

$424.50

$491.25

$90,000

$375.00

$495.00

$427.50

$495.00

$91,000

$378.00

$498.75

$430.50

$498.75

$92,000

$381.00

$502.50

$433.50

$502.50

$93,000

$384.00

$506.25

$436.50

$506.25

$94,000

$387.00

$510.00

$439.50

$510.00

$95,000

$390.00

$513.75

$442.50

$513.75

$96,000

$393.00

$517.50

$445.50

$517.50

$97,000

$396.00

$521.25

$448.50

$521.25

$98,000

$399.00

$525.00

$451.50

$525.00

$99,000

$402.00

$528.75

$454.50

$528.75

$100,000

$405.00

$532.50

$457.50

$532.50

$101,000

$407.00

$535.25

$459.50

$535.25

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$102,000

$409.00

$538.00

$461.50

$538.00

$103,000

$411.00

$540.75

$463.50

$540.75

$104,000

$413.00

$543.50

$465.50

$543.50

$105,000

$415.00

$546.25

$467.50

$546.25

$106,000

$417.00

$549.00

$469.50

$549.00

$107,000

$419.00

$551.75

$471.50

$551.75

$108,000

$421.00

$554.50

$473.50

$554.50

$109,000

$423.00

$557.25

$475.50

$557.25

$110,000

$425.00

$560.00

$477.50

$560.00

$111,000

$427.00

$562.75

$479.50

$562.75

$112,000

$429.00

$565.50

$481.50

$565.50

$113,000

$431.00

$568.25

$483.50

$568.25

$114,000

$433.00

$571.00

$485.50

$571.00

$115,000

$435.00

$573.75

$487.50

$573.75

$116,000

$437.00

$576.50

$489.50

$576.50

$117,000

$439.00

$579.25

$491.50

$579.25

$118,000

$441.00

$582.00

$493.50

$582.00

$119,000

$443.00

$584.75

$495.50

$584.75

$120,000

$445.00

$587.50

$497.50

$587.50

$121,000

$447.00

$590.25

$499.50

$590.25

$122,000

$449.00

$593.00

$501.50

$593.00

$123,000

$451.00

$595.75

$503.50

$595.75

$124,000

$453.00

$598.50

$505.50

$598.50

$125,000

$455.00

$601.25

$507.50

$601.25

$126,000

$457.00

$604.00

$509.50

$604.00

$127,000

$459.00

$606.75

$511.50

$606.75

$128,000

$461.00

$609.50

$513.50

$609.50

$129,000

$463.00

$612.25

$515.50

$612.25

$130,000

$465.00

$615.00

$517.50

$615.00

$131,000

$467.00

$617.75

$519.50

$617.75

$132,000

$469.00

$620.50

$521.50

$620.50

$133,000

$471.00

$623.25

$523.50

$623.25

$134,000

$473.00

$626.00

$525.50

$626.00

$135,000

$475.00

$628.75

$527.50

$628.75

$136,000

$477.00

$631.50

$529.50

$631.50

$137,000

$479.00

$634.25

$531.50

$634.25

$138,000

$481.00

$637.00

$533.50

$637.00

$139,000

$483.00

$639.75

$535.50

$639.75

$140,000

$485.00

$642.50

$537.50

$642.50

$141,000

$487.00

$645.25

$539.50

$645.25

$142,000

$489.00

$648.00

$541.50

$648.00

$143,000

$491.00

$650.75

$543.50

$650.75

$144,000

$493.00

$653.50

$545.50

$653.50

$145,000

$495.00

$656.25

$547.50

$656.25

$146,000

$497.00

$659.00

$549.50

$659.00

$147,000

$499.00

$661.75

$551.50

$661.75

$148,000

$501.00

$664.50

$553.50

$664.50

$149,000

$503.00

$667.25

$555.50

$667.25

$150,000

$505.00

$670.00

$557.50

$670.00

$151,000

$507.00

$672.75

$559.50

$672.75

$152,000

$509.00

$675.50

$561.50

$675.50

Old Republic Insurance Rates | Effective September 1, 2018

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$153,000

$511.00

$678.25

$563.50

$678.25

$154,000

$513.00

$681.00

$565.50

$681.00

$155,000

$515.00

$683.75

$567.50

$683.75

$156,000

$517.00

$686.50

$569.50

$686.50

$157,000

$519.00

$689.25

$571.50

$689.25

$158,000

$521.00

$692.00

$573.50

$692.00

$159,000

$523.00

$694.75

$575.50

$694.75

$160,000

$525.00

$697.50

$577.50

$697.50

$161,000

$527.00

$700.25

$579.50

$700.25

$162,000

$529.00

$703.00

$581.50

$703.00

$163,000

$531.00

$705.75

$583.50

$705.75

$164,000

$533.00

$708.50

$585.50

$708.50

$165,000

$535.00

$711.25

$587.50

$711.25

$166,000

$537.00

$714.00

$589.50

$714.00

$167,000

$539.00

$716.75

$591.50

$716.75

$168,000

$541.00

$719.50

$593.50

$719.50

$169,000

$543.00

$722.25

$595.50

$722.25

$170,000

$545.00

$725.00

$597.50

$725.00

$171,000

$547.00

$727.75

$599.50

$727.75

$172,000

$549.00

$730.50

$601.50

$730.50

$173,000

$551.00

$733.25

$603.50

$733.25

$174,000

$553.00

$736.00

$605.50

$736.00

$175,000

$555.00

$738.75

$607.50

$738.75

$176,000

$557.00

$741.50

$609.50

$741.50

$177,000

$559.00

$744.25

$611.50

$744.25

$178,000

$561.00

$747.00

$613.50

$747.00

$179,000

$563.00

$749.75

$615.50

$749.75

$180,000

$565.00

$752.50

$617.50

$752.50

$181,000

$567.00

$755.25

$619.50

$755.25

$182,000

$569.00

$758.00

$621.50

$758.00

$183,000

$571.00

$760.75

$623.50

$760.75

$184,000

$573.00

$763.50

$625.50

$763.50

$185,000

$575.00

$766.25

$627.50

$766.25

$186,000

$577.00

$769.00

$629.50

$769.00

$187,000

$579.00

$771.75

$631.50

$771.75

$188,000

$581.00

$774.50

$633.50

$774.50

$189,000

$583.00

$777.25

$635.50

$777.25

$190,000

$585.00

$780.00

$637.50

$780.00

$191,000

$587.00

$782.75

$639.50

$782.75

$192,000

$589.00

$785.50

$641.50

$785.50

$193,000

$591.00

$788.25

$643.50

$788.25

$194,000

$593.00

$791.00

$645.50

$791.00

$195,000

$595.00

$793.75

$647.50

$793.75

$196,000

$597.00

$796.50

$649.50

$796.50

$197,000

$599.00

$799.25

$651.50

$799.25

$198,000

$601.00

$802.00

$653.50

$802.00

$199,000

$603.00

$804.75

$655.50

$804.75

$200,000

$605.00

$807.50

$657.50

$807.50

$201,000

$607.00

$810.25

$659.50

$810.25

$202,000

$609.00

$813.00

$661.50

$813.00

$203,000

$611.00

$815.75

$663.50

$815.75

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$204,000

$613.00

$818.50

$665.50

$818.50

$205,000

$615.00

$821.25

$667.50

$821.25

$206,000

$617.00

$824.00

$669.50

$824.00

$207,000

$619.00

$826.75

$671.50

$826.75

$208,000

$621.00

$829.50

$673.50

$829.50

$209,000

$623.00

$832.25

$675.50

$832.25

$210,000

$625.00

$835.00

$677.50

$835.00

$211,000

$627.00

$837.75

$679.50

$837.75

$212,000

$629.00

$840.50

$681.50

$840.50

$213,000

$631.00

$843.25

$683.50

$843.25

$214,000

$633.00

$846.00

$685.50

$846.00

$215,000

$635.00

$848.75

$687.50

$848.75

$216,000

$637.00

$851.50

$689.50

$851.50

$217,000

$639.00

$854.25

$691.50

$854.25

$218,000

$641.00

$857.00

$693.50

$857.00

$219,000

$643.00

$859.75

$695.50

$859.75

$220,000

$645.00

$862.50

$697.50

$862.50

$221,000

$647.00

$865.25

$699.50

$865.25

$222,000

$649.00

$868.00

$701.50

$868.00

$223,000

$651.00

$870.75

$703.50

$870.75

$224,000

$653.00

$873.50

$705.50

$873.50

$225,000

$655.00

$876.25

$707.50

$876.25

$226,000

$657.00

$879.00

$709.50

$879.00

$227,000

$659.00

$881.75

$711.50

$881.75

$228,000

$661.00

$884.50

$713.50

$884.50

$229,000

$663.00

$887.25

$715.50

$887.25

$230,000

$665.00

$890.00

$717.50

$890.00

$231,000

$667.00

$892.75

$719.50

$892.75

$232,000

$669.00

$895.50

$721.50

$895.50

$233,000

$671.00

$898.25

$723.50

$898.25

$234,000

$673.00

$901.00

$725.50

$901.00

$235,000

$675.00

$903.75

$727.50

$903.75

$236,000

$677.00

$906.50

$729.50

$906.50

$237,000

$679.00

$909.25

$731.50

$909.25

$238,000

$681.00

$912.00

$733.50

$912.00

$239,000

$683.00

$914.75

$735.50

$914.75

$240,000

$685.00

$917.50

$737.50

$917.50

$241,000

$687.00

$920.25

$739.50

$920.25

$242,000

$689.00

$923.00

$741.50

$923.00

$243,000

$691.00

$925.75

$743.50

$925.75

$244,000

$693.00

$928.50

$745.50

$928.50

$245,000

$695.00

$931.25

$747.50

$931.25

$246,000

$697.00

$934.00

$749.50

$934.00

$247,000

$699.00

$936.75

$751.50

$936.75

$248,000

$701.00

$939.50

$753.50

$939.50

$249,000

$703.00

$942.25

$755.50

$942.25

$250,000

$705.00

$945.00

$757.50

$945.00

$251,000

$707.00

$947.75

$759.50

$947.75

$252,000

$709.00

$950.50

$761.50

$950.50

$253,000

$711.00

$953.25

$763.50

$953.25

$254,000

$713.00

$956.00

$765.50

$956.00

Old Republic Insurance Rates | Effective September 1, 2018

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$255,000

$715.00

$958.75

$767.50

$958.75

$256,000

$717.00

$961.50

$769.50

$961.50

$257,000

$719.00

$964.25

$771.50

$964.25

$258,000

$721.00

$967.00

$773.50

$967.00

$259,000

$723.00

$969.75

$775.50

$969.75

$260,000

$725.00

$972.50

$777.50

$972.50

$261,000

$727.00

$975.25

$779.50

$975.25

$262,000

$729.00

$978.00

$781.50

$978.00

$263,000

$731.00

$980.75

$783.50

$980.75

$264,000

$733.00

$983.50

$785.50

$983.50

$265,000

$735.00

$986.25

$787.50

$986.25

$266,000

$737.00

$989.00

$789.50

$989.00

$267,000

$739.00

$991.75

$791.50

$991.75

$268,000

$741.00

$994.50

$793.50

$994.50

$269,000

$743.00

$997.25

$795.50

$997.25

$270,000

$745.00

$1,000.00

$797.50

$1,000.00

$271,000

$747.00

$1,002.75

$799.50

$1,002.75

$272,000

$749.00

$1,005.50

$801.50

$1,005.50

$273,000

$751.00

$1,008.25

$803.50

$1,008.25

$274,000

$753.00

$1,011.00

$805.50

$1,011.00

$275,000

$755.00

$1,013.75

$807.50

$1,013.75

$276,000

$757.00

$1,016.50

$809.50

$1,016.50

$277,000

$759.00

$1,019.25

$811.50

$1,019.25

$278,000

$761.00

$1,022.00

$813.50

$1,022.00

$279,000

$763.00

$1,024.75

$815.50

$1,024.75

$280,000

$765.00

$1,027.50

$817.50

$1,027.50

$281,000

$767.00

$1,030.25

$819.50

$1,030.25

$282,000

$769.00

$1,033.00

$821.50

$1,033.00

$283,000

$771.00

$1,035.75

$823.50

$1,035.75

$284,000

$773.00

$1,038.50

$825.50

$1,038.50

$285,000

$775.00

$1,041.25

$827.50

$1,041.25

$286,000

$777.00

$1,044.00

$829.50

$1,044.00

$287,000

$779.00

$1,046.75

$831.50

$1,046.75

$288,000

$781.00

$1,049.50

$833.50

$1,049.50

$289,000

$783.00

$1,052.25

$835.50

$1,052.25

$290,000

$785.00

$1,055.00

$837.50

$1,055.00

$291,000

$787.00

$1,057.75

$839.50

$1,057.75

$292,000

$789.00

$1,060.50

$841.50

$1,060.50

$293,000

$791.00

$1,063.25

$843.50

$1,063.25

$294,000

$793.00

$1,066.00

$845.50

$1,066.00

$295,000

$795.00

$1,068.75

$847.50

$1,068.75

$296,000

$797.00

$1,071.50

$849.50

$1,071.50

$297,000

$799.00

$1,074.25

$851.50

$1,074.25

$298,000

$801.00

$1,077.00

$853.50

$1,077.00

$299,000

$803.00

$1,079.75

$855.50

$1,079.75

$300,000

$805.00

$1,082.50

$857.50

$1,082.50

$301,000

$807.00

$1,085.25

$859.50

$1,085.25

$302,000

$809.00

$1,088.00

$861.50

$1,088.00

$303,000

$811.00

$1,090.75

$863.50

$1,090.75

$304,000

$813.00

$1,093.50

$865.50

$1,093.50

$305,000

$815.00

$1,096.25

$867.50

$1,096.25

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$306,000

$817.00

$1,099.00

$869.50

$1,099.00

$307,000

$819.00

$1,101.75

$871.50

$1,101.75

$308,000

$821.00

$1,104.50

$873.50

$1,104.50

$309,000

$823.00

$1,107.25

$875.50

$1,107.25

$310,000

$825.00

$1,110.00

$877.50

$1,110.00

$311,000

$827.00

$1,112.75

$879.50

$1,112.75

$312,000

$829.00

$1,115.50

$881.50

$1,115.50

$313,000

$831.00

$1,118.25

$883.50

$1,118.25

$314,000

$833.00

$1,121.00

$885.50

$1,121.00

$315,000

$835.00

$1,123.75

$887.50

$1,123.75

$316,000

$837.00

$1,126.50

$889.50

$1,126.50

$317,000

$839.00

$1,129.25

$891.50

$1,129.25

$318,000

$841.00

$1,132.00

$893.50

$1,132.00

$319,000

$843.00

$1,134.75

$895.50

$1,134.75

$320,000

$845.00

$1,137.50

$897.50

$1,137.50

$321,000

$847.00

$1,140.25

$899.50

$1,140.25

$322,000

$849.00

$1,143.00

$901.50

$1,143.00

$323,000

$851.00

$1,145.75

$903.50

$1,145.75

$324,000

$853.00

$1,148.50

$905.50

$1,148.50

$325,000

$855.00

$1,151.25

$907.50

$1,151.25

$326,000

$857.00

$1,154.00

$909.50

$1,154.00

$327,000

$859.00

$1,156.75

$911.50

$1,156.75

$328,000

$861.00

$1,159.50

$913.50

$1,159.50

$329,000

$863.00

$1,162.25

$915.50

$1,162.25

$330,000

$865.00

$1,165.00

$917.50

$1,165.00

$331,000

$867.00

$1,167.75

$919.50

$1,167.75

$332,000

$869.00

$1,170.50

$921.50

$1,170.50

$333,000

$871.00

$1,173.25

$923.50

$1,173.25

$334,000

$873.00

$1,176.00

$925.50

$1,176.00

$335,000

$875.00

$1,178.75

$927.50

$1,178.75

$336,000

$877.00

$1,181.50

$929.50

$1,181.50

$337,000

$879.00

$1,184.25

$931.50

$1,184.25

$338,000

$881.00

$1,187.00

$933.50

$1,187.00

$339,000

$883.00

$1,189.75

$935.50

$1,189.75

$340,000

$885.00

$1,192.50

$937.50

$1,192.50

$341,000

$887.00

$1,195.25

$939.50

$1,195.25

$342,000

$889.00

$1,198.00

$941.50

$1,198.00

$343,000

$891.00

$1,200.75

$943.50

$1,200.75

$344,000

$893.00

$1,203.50

$945.50

$1,203.50

$345,000

$895.00

$1,206.25

$947.50

$1,206.25

$346,000

$897.00

$1,209.00

$949.50

$1,209.00

$347,000

$899.00

$1,211.75

$951.50

$1,211.75

$348,000

$901.00

$1,214.50

$953.50

$1,214.50

$349,000

$903.00

$1,217.25

$955.50

$1,217.25

$350,000

$905.00

$1,220.00

$957.50

$1,220.00

$351,000

$907.00

$1,222.75

$959.50

$1,222.75

$352,000

$909.00

$1,225.50

$961.50

$1,225.50

$353,000

$911.00

$1,228.25

$963.50

$1,228.25

$354,000

$913.00

$1,231.00

$965.50

$1,231.00

$355,000

$915.00

$1,233.75

$967.50

$1,233.75

$356,000

$917.00

$1,236.50

$969.50

$1,236.50

Old Republic Insurance Rates | Effective September 1, 2018

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$357,000

$919.00

$1,239.25

$971.50

$1,239.25

$358,000

$921.00

$1,242.00

$973.50

$1,242.00

$359,000

$923.00

$1,244.75

$975.50

$1,244.75

$360,000

$925.00

$1,247.50

$977.50

$1,247.50

$361,000

$927.00

$1,250.25

$979.50

$1,250.25

$362,000

$929.00

$1,253.00

$981.50

$1,253.00

$363,000

$931.00

$1,255.75

$983.50

$1,255.75

$364,000

$933.00

$1,258.50

$985.50

$1,258.50

$365,000

$935.00

$1,261.25

$987.50

$1,261.25

$366,000

$937.00

$1,264.00

$989.50

$1,264.00

$367,000

$939.00

$1,266.75

$991.50

$1,266.75

$368,000

$941.00

$1,269.50

$993.50

$1,269.50

$369,000

$943.00

$1,272.25

$995.50

$1,272.25

$370,000

$945.00

$1,275.00

$997.50

$1,275.00

$371,000

$947.00

$1,277.75

$999.50

$1,277.75

$372,000

$949.00

$1,280.50

$1,001.50

$1,280.50

$373,000

$951.00

$1,283.25

$1,003.50

$1,283.25

$374,000

$953.00

$1,286.00

$1,005.50

$1,286.00

$375,000

$955.00

$1,288.75

$1,007.50

$1,288.75

$376,000

$957.00

$1,291.50

$1,009.50

$1,291.50

$377,000

$959.00

$1,294.25

$1,011.50

$1,294.25

$378,000

$961.00

$1,297.00

$1,013.50

$1,297.00

$379,000

$963.00

$1,299.75

$1,015.50

$1,299.75

$380,000

$965.00

$1,302.50

$1,017.50

$1,302.50

$381,000

$967.00

$1,305.25

$1,019.50

$1,305.25

$382,000

$969.00

$1,308.00

$1,021.50

$1,308.00

$383,000

$971.00

$1,310.75

$1,023.50

$1,310.75

$384,000

$973.00

$1,313.50

$1,025.50

$1,313.50

$385,000

$975.00

$1,316.25

$1,027.50

$1,316.25

$386,000

$977.00

$1,319.00

$1,029.50

$1,319.00

$387,000

$979.00

$1,321.75

$1,031.50

$1,321.75

$388,000

$981.00

$1,324.50

$1,033.50

$1,324.50

$389,000

$983.00

$1,327.25

$1,035.50

$1,327.25

$390,000

$985.00

$1,330.00

$1,037.50

$1,330.00

$391,000

$987.00

$1,332.75

$1,039.50

$1,332.75

$392,000

$989.00

$1,335.50

$1,041.50

$1,335.50

$393,000

$991.00

$1,338.25

$1,043.50

$1,338.25

$394,000

$993.00

$1,341.00

$1,045.50

$1,341.00

$395,000

$995.00

$1,343.75

$1,047.50

$1,343.75

$396,000

$997.00

$1,346.50

$1,049.50

$1,346.50

$397,000

$999.00

$1,349.25

$1,051.50

$1,349.25

$398,000

$1,001.00

$1,352.00

$1,053.50

$1,352.00

$399,000

$1,003.00

$1,354.75

$1,055.50

$1,354.75

$400,000

$1,005.00

$1,357.50

$1,057.50

$1,357.50

$401,000

$1,007.00

$1,360.25

$1,059.50

$1,360.25

$402,000

$1,009.00

$1,363.00

$1,061.50

$1,363.00

$403,000

$1,011.00

$1,365.75

$1,063.50

$1,365.75

$404,000

$1,013.00

$1,368.50

$1,065.50

$1,368.50

$405,000

$1,015.00

$1,371.25

$1,067.50

$1,371.25

$406,000

$1,017.00

$1,374.00

$1,069.50

$1,374.00

$407,000

$1,019.00

$1,376.75

$1,071.50

$1,376.75

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$408,000

$1,021.00

$1,379.50

$1,073.50

$1,379.50

$409,000

$1,023.00

$1,382.25

$1,075.50

$1,382.25

$410,000

$1,025.00

$1,385.00

$1,077.50

$1,385.00

$411,000

$1,027.00

$1,387.75

$1,079.50

$1,387.75

$412,000

$1,029.00

$1,390.50

$1,081.50

$1,390.50

$413,000

$1,031.00

$1,393.25

$1,083.50

$1,393.25

$414,000

$1,033.00

$1,396.00

$1,085.50

$1,396.00

$415,000

$1,035.00

$1,398.75

$1,087.50

$1,398.75

$416,000

$1,037.00

$1,401.50

$1,089.50

$1,401.50

$417,000

$1,039.00

$1,404.25

$1,091.50

$1,404.25

$418,000

$1,041.00

$1,407.00

$1,093.50

$1,407.00

$419,000

$1,043.00

$1,409.75

$1,095.50

$1,409.75

$420,000

$1,045.00

$1,412.50

$1,097.50

$1,412.50

$421,000

$1,047.00

$1,415.25

$1,099.50

$1,415.25

$422,000

$1,049.00

$1,418.00

$1,101.50

$1,418.00

$423,000

$1,051.00

$1,420.75

$1,103.50

$1,420.75

$424,000

$1,053.00

$1,423.50

$1,105.50

$1,423.50

$425,000

$1,055.00

$1,426.25

$1,107.50

$1,426.25

$426,000

$1,057.00

$1,429.00

$1,109.50

$1,429.00

$427,000

$1,059.00

$1,431.75

$1,111.50

$1,431.75

$428,000

$1,061.00

$1,434.50

$1,113.50

$1,434.50

$429,000

$1,063.00

$1,437.25

$1,115.50

$1,437.25

$430,000

$1,065.00

$1,440.00

$1,117.50

$1,440.00

$431,000

$1,067.00

$1,442.75

$1,119.50

$1,442.75

$432,000

$1,069.00

$1,445.50

$1,121.50

$1,445.50

$433,000

$1,071.00

$1,448.25

$1,123.50

$1,448.25

$434,000

$1,073.00

$1,451.00

$1,125.50

$1,451.00

$435,000

$1,075.00

$1,453.75

$1,127.50

$1,453.75

$436,000

$1,077.00

$1,456.50

$1,129.50

$1,456.50

$437,000

$1,079.00

$1,459.25

$1,131.50

$1,459.25

$438,000

$1,081.00

$1,462.00

$1,133.50

$1,462.00

$439,000

$1,083.00

$1,464.75

$1,135.50

$1,464.75

$440,000

$1,085.00

$1,467.50

$1,137.50

$1,467.50

$441,000

$1,087.00

$1,470.25

$1,139.50

$1,470.25

$442,000

$1,089.00

$1,473.00

$1,141.50

$1,473.00

$443,000

$1,091.00

$1,475.75

$1,143.50

$1,475.75

$444,000

$1,093.00

$1,478.50

$1,145.50

$1,478.50

$445,000

$1,095.00

$1,481.25

$1,147.50

$1,481.25

$446,000

$1,097.00

$1,484.00

$1,149.50

$1,484.00

$447,000

$1,099.00

$1,486.75

$1,151.50

$1,486.75

$448,000

$1,101.00

$1,489.50

$1,153.50

$1,489.50

$449,000

$1,103.00

$1,492.25

$1,155.50

$1,492.25

$450,000

$1,105.00

$1,495.00

$1,157.50

$1,495.00

$451,000

$1,107.00

$1,497.75

$1,159.50

$1,497.75

$452,000

$1,109.00

$1,500.50

$1,161.50

$1,500.50

$453,000

$1,111.00

$1,503.25

$1,163.50

$1,503.25

$454,000

$1,113.00

$1,506.00

$1,165.50

$1,506.00

$455,000

$1,115.00

$1,508.75

$1,167.50

$1,508.75

$456,000

$1,117.00

$1,511.50

$1,169.50

$1,511.50

$457,000

$1,119.00

$1,514.25

$1,171.50

$1,514.25

$458,000

$1,121.00

$1,517.00

$1,173.50

$1,517.00

Old Republic Insurance Rates | Effective September 1, 2018

METRO

NON-METRO

Counties: Cass, Douglas, Lancaster, Sarpy, Washington

All Other Counties

Policy

Basic Rate

HPT

Basic Rate

HPT

$459,000

$1,123.00

$1,519.75

$1,175.50

$1,519.75

$460,000

$1,125.00

$1,522.50

$1,177.50

$1,522.50

$461,000

$1,127.00

$1,525.25

$1,179.50

$1,525.25

$462,000

$1,129.00

$1,528.00

$1,181.50

$1,528.00

$463,000

$1,131.00

$1,530.75

$1,183.50

$1,530.75

$464,000

$1,133.00

$1,533.50

$1,185.50

$1,533.50

$465,000

$1,135.00

$1,536.25

$1,187.50

$1,536.25

$466,000

$1,137.00

$1,539.00

$1,189.50

$1,539.00

$467,000

$1,139.00

$1,541.75

$1,191.50

$1,541.75

$468,000

$1,141.00

$1,544.50

$1,193.50

$1,544.50

$469,000

$1,143.00

$1,547.25

$1,195.50

$1,547.25

$470,000

$1,145.00

$1,550.00

$1,197.50

$1,550.00

$471,000

$1,147.00

$1,552.75

$1,199.50

$1,552.75

$472,000

$1,149.00

$1,555.50

$1,201.50

$1,555.50

$473,000

$1,151.00

$1,558.25

$1,203.50

$1,558.25

$474,000

$1,153.00

$1,561.00

$1,205.50

$1,561.00

$475,000

$1,155.00

$1,563.75

$1,207.50

$1,563.75

$476,000

$1,157.00

$1,566.50

$1,209.50

$1,566.50

$477,000

$1,159.00

$1,569.25

$1,211.50

$1,569.25

$478,000

$1,161.00

$1,572.00

$1,213.50

$1,572.00

$479,000

$1,163.00

$1,574.75

$1,215.50

$1,574.75

$480,000

$1,165.00

$1,577.50

$1,217.50

$1,577.50

$481,000

$1,167.00

$1,580.25

$1,219.50

$1,580.25

$482,000

$1,169.00

$1,583.00

$1,221.50

$1,583.00

$483,000

$1,171.00

$1,585.75

$1,223.50

$1,585.75

$484,000

$1,173.00

$1,588.50

$1,225.50

$1,588.50

$485,000

$1,175.00

$1,591.25

$1,227.50

$1,591.25

$486,000

$1,177.00

$1,594.00

$1,229.50

$1,594.00

$487,000

$1,179.00

$1,596.75

$1,231.50

$1,596.75

$488,000

$1,181.00

$1,599.50

$1,233.50

$1,599.50

$489,000

$1,183.00

$1,602.25

$1,235.50

$1,602.25

$490,000

$1,185.00

$1,605.00

$1,237.50

$1,605.00

$491,000

$1,187.00

$1,607.75

$1,239.50

$1,607.75

$492,000

$1,189.00

$1,610.50

$1,241.50

$1,610.50

$493,000

$1,191.00

$1,613.25

$1,243.50

$1,613.25

$494,000

$1,193.00

$1,616.00

$1,245.50

$1,616.00

$495,000

$1,195.00

$1,618.75

$1,247.50

$1,618.75

$496,000

$1,197.00

$1,621.50

$1,249.50

$1,621.50

$497,000

$1,199.00

$1,624.25

$1,251.50

$1,624.25

$498,000

$1,201.00

$1,627.00

$1,253.50

$1,627.00

$499,000

$1,203.00

$1,629.75

$1,255.50

$1,629.75

$500,000

$1,205.00

$1,632.50

$1,257.50

$1,632.50

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